According to ME News, on July 31 (UTC+8), FBI data disclosed to a legislative committee revealed that Texas suffered $56.8 million in losses related to cryptocurrency ATMs in 2025, involving 1,179 complaints—the highest loss amount of any U.S. state. Nationwide, there were 13,460 related complaints, with reported losses rising 58% year-over-year to $389 million. Cryptocurrency ATMs accept cash and convert it into cryptocurrency, commonly located at gas stations and convenience stores. Texas Tribune estimates that Texas has approximately 4,000 such devices; scammers trick victims into withdrawing cash from bank accounts and depositing it into these machines. Jesse Saucillo, Deputy Commissioner of the Texas Department of Banking, stated that once funds are transferred, recovery is nearly impossible, as the money typically flows into non-custodial wallets and then through mixers. He added that AI-generated impersonations of police and government agencies have made phone-based scams more convincing. According to AARP data, since 2023, around 30 U.S. states have enacted laws related to cryptocurrency ATMs. Indiana banned such devices entirely in March, followed by Tennessee and Minnesota. Rep. Cole Hefner, Chair of the Texas House Committee, said the state is considering measures beyond mere regulation. (Source: ChainCatcher)
Texas Reports $56.8 Million in Crypto ATM Fraud Losses in 2025
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Summary
Texas reported $56.8 million in crypto ATM fraud losses in 2025, according to FBI data shared with a legislative committee. MetaEra recorded 1,179 complaints—the highest in the U.S. Nationwide, losses increased 58% to $389 million. These ATMs, often located at gas stations, are tied to scams in which victims deposit cash after being deceived by fake law enforcement content. Texas has approximately 4,000 such machines. MiCA and CFT frameworks are being monitored as states like Indiana and Tennessee move to ban them. Texas officials are considering stronger measures beyond regulation.
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